Life Insurance Via Prepaid Card

Joshua Stewart

Updated: 2 years ago.

MetLife is offering $10,000 to $25,000 in life insurance coverage on a prepaid card available at Georgia and South Carolina Walmarts. It’s a test product that could be rolled out nationwide if it does well here. (Photo Courtesy of MetLife.)

A third of American households have no life insurance and half say they need more insurance. Now a program being tested in Georgia trying to bridge that gap.

MetLife is offering $10,000 to $25,000 in life insurance coverage on a prepaid card available at Georgia and South Carolina Walmarts. Customers buy the card, then call to answer a few questions and activate the coverage.

MetLife is testing the cards in Georgia because of the state’s diverse geography and culture, said Manish Bhatt, a senior vice president with the insurance company.